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Search Results 0 to 49 of about 88 (some duplicates have been removed)
FOX Business
Dec 21, 2012 7:00pm EST
cliff, justin days from the largest tax hike in american history was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxes and draconian spending cuts resting squarely on the president. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimistic signs and we have seen actually some upside to from a whole range of areas, including two from including housing, now is not the time for more self-inflicted wounds , seven not the estimate from washington. lou: president obama's top advisers were quick to dump on the speaker come -- declaring he is backed into a corner. >> they went from plan b to plan seal later. the fact that they could not even plan -- pass that was an embarrassment. >> in private the president's advisers admit they are bit more apprehensive firmly believing mr. obama has the upper end of the public. if the market takes the hit to the commander-in-chief we will still face his share of heat for washington this fu
FOX Business
Dec 22, 2012 4:00am EST
of what they want. lou: there ae only ten days remaining to the fiscal cliff. president obamaeaded to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations with the president have, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me hat his numbers, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he could not go any further. lou: and he didn't. the plan be option collapsing last night when he failed to get republican support to raise taxes on only those making more than a million dollars a year. over in the senate majority leader harry reid pounced on the very public embarrassing defeat. >> we knew the so-called plan b was no plan at all. it could not pass the senate. it turns out, it could not pass the house either. it is too bad speaker boehner wasted a week in his political stunt. lou: if there is no agreement, taxes will go up on all american taxpayers and hundreds of billions
NBC
Dec 22, 2012 6:00pm EST
. >> think about the obligations we have to the people. >> nine days before the fiscal cliff and not a creature was stirring in washington. negotiations at an impasse. the president says he hopes the holiday spirit will inspire a change of heart. >> they can drink some eggnog and have some christmas cookies. >> republicans say the president's deal is too hard to swallow. >> it would hurt jobs. >> speaker boehner's plan to raise taxes on americans making more than $1 million a year was scuttled by fellow republicans. it is dead in the water with senate democrats. president wants to lock in tax cuts for 98% of americans. some house republicans refused to raise taxes on anyone. for a few days, both sides are setting aside politics. >> i wish all of the american people in a blast and merry christmas. >> merry christmas, ever ready. >> happy hollow -- happy holidays. >> the president and speaker say is not too late. if someone cannot find a way to give, americans are in danger of getting a tax increase on january 1. >> support streams in for the grief-stricken community of newtown
CNBC
Dec 21, 2012 7:00pm EST
, the financials, they had a rough day. the plan "b" proposal for the fiscal cliff. up more than 3% for the week. also technology and materials they finished lower on the day, as well, but higher for the week. the worst-performing sectors this week, consumer staples, telco, and health care, and in terms of the individual stocks that we were watching on the s&p 500 nyse was bigger with a 30% upside after news of that $8.2 billion deal to be acquired by the intercontinental exchange. to the downside, it was electronic arts logging a loss on concerns there will be more scrutiny on violent video games in the coming days and weeks after that tragedy at sandy hook, elementary school. >> many thanks, appreciate it. >>> here now to talk to us dan greenhaus, you are, if i understand it, a fiscal cliff stock bear. >> yes. give or take, yes. >> and why? >> well, i think it's pretty clear you're talking about -- well, our best case scenario has been we're going off the cliff. we said that the day after the election, we standby it today. if you do that, you're talking about the largest tax increase in our co
ABC
Dec 22, 2012 6:00pm EST
boehner is encouraging republicans to work with democrats to avoid the fiscal cliff. this comes a day after president obama said he will pursue a less am by shougs budget deal with republicans. there is good news no matter what congress does to address the problem, it is too late for employers to with hold income taxes from paychecks next month. employers are going to with hold the tax for the 2012 rates. >> president obama is restricting the number of inaugural balls to the lowest number in 60 years. there will be only two official parties right now. there was 10 held the last time around. there will be a concert honoring military families held on saturday before the inauguration. >> before the ina ration christmas. we are three days away. the holiday came a little early for some people. the women's organization has been an outreach to families that have people that are ill or incarcerated. >> thank you for all the people have done. this is overpowering. >> tears of joy as the washington wizards and volunteers delivered bags of gifts to her home. >> my
PBS
Dec 21, 2012 4:30pm PST
a fiscal cliff deal. and he says it's doable. tonight's market monitor guest is not scared off by cliff worries. he's buying stocks, saying the markets will do well in the new year. he's richard steinberg of steinberg global asset management. and warren buffett, the oracle of omaha has plenty to say on taxes and the fiscal cliff: we talk with his long-time friend and "fortune" magazine journalist carol loomis. that and more tonight on "n.b.r." some straight talk from president obama tonight about the fiscal cliff. speaking to reporters from the white house he said he's ready and willing to get a comprehensive packageone,ut it's up to republicans and democrats to make it happen. >> nobody gets 100% of what they want. everybody has to give a little. >> susie: the president also proposed a smaller package that prevents taxes for 98% of americans from going up and for unemployment insurance to be extended. he pressed lawmakers to agree on this in the next ten days. darren gersh has details. >> reporter: one day after the collapse of efforts to avoid the fiscal cliff, all sides were speaker
CBS
Dec 21, 2012 5:00pm PST
for a resolution... cbs repr >>> 10 days until the country falls off the "fiscal cliff." washington is going home for christmas. tara mergener on the president's parting thoughts. >> reporter: president obama called on house speaker john boehner to come back to the negotiating table to avoid the "fiscal cliff." >> as of today, i am still ready and willing to get a comprehensive package done. >> reporter: the house did not even vote on speaker john boehner's proposed plan b because it didn't win enough republican support. >> good morning, everyone. >> reporter: the speaker says the ball is in the president's court. >> unless the president and congress take action, tax rates will go up on every american taxpayer and devastating the defense cuts will go into effect in 10 days. >> reporter: his bill would have extended tax rates for households making a million dollars a year. the president put the threshold at $400,000. the white house and democrats here on capitol hill are frustrated that speaker boehner spent the last several days pushing plan b instead of focusing on a bigger compromise. >> nobody
PBS
Dec 21, 2012 4:00pm PST
to the ongoing negotiations to prevent the so- called fiscal cliff we have mentioned. there are just 10 days to go until this potentially damaging combination of tax increases and spending cuts goes into effect, but so far, the politicians seem no closer to averting the plunge. president obama is pressing for action. he had this to say just a few minutes ago. >> i just spoke to speaker boehner and i also met with senator reid. i have asked the leaders of congress to prevent tax hikes on middle-class americans, protect unemployment insurance for 2 million americans, and lay the groundwork for further work. that is an achievable goal. that can get down in 10 days. >> president obama there on the upcoming fiscal cliff. joining me now to discuss the standoff is the bbc's ben wright. thank you very much. was there anything in the president's speech that would give us any cause for optimism that is the cliff can beat averted? >> i thought his tone was interesting. he was optimistic an exasperated at the same time. he reminded people in congress they only have 10 days left to find a deal before the
FOX News
Dec 22, 2012 1:00pm PST
the fiscal cliff with just nine days to go before the deadline. negotiations over averting the automatic massive spending cuts and tax hikes seems to have fallen apart and it's not like the nation's capitol is burning the midnight oil. both president obama and lawmakers have packed up for the christmas holidays. any way out of deadlock or is about country about to plunge over the fiscal cliff. joining us is susan goodrich. leaders on both sides are being criticized for dysfunction. president obama for being uninvolved and detached in the negotiations and speaker boehner for losing control of his own party. is that a recipe for failure? >> no one can question right now that people aren't doing anything. the president has left, he is hawaii. the house is out of session. the senate is adjourned. they are going to coming back on the 27th. that gives them five days. they have been talking about this fiscal cliff for months. last five days and they have to involves more than a trillion dollars and billions of dollars in tax hikes. how can they get it done? they won't. president on friday gave
PBS
Dec 21, 2012 7:00pm PST
the collapse of efforts to avoid the fiscal cliff, all sides were speaker boehner tried to shift that burden, saying democrats unemployment insurance to be extended. >> we can't cut our way to prosperity we need real economic growth. and many of us believe on both sides of the aisle that fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work and more americans on the tax rolls. how we get there, god only knows. >> reporter: voters who expected congress to watch over the >> so i think the tax issue and the job issue needs to be looked >> reporter: voters who expected congress to watch over the economy after the election are watching the fiscal cliff with growing alarm. >> it's going to mean a lot of problems, the job situation will actually get worse because then companies can't borrow money and if you can't borrow money, then you're gonna have problems with hiring employees and stuff like that. >> reporter: the holidays are usually times that bring families together and many would like to see that happen at the national level as well
CNN
Dec 22, 2012 2:00pm PST
the hour. a look at your headlines here on cnn. the fiscal cliff just ten days away, with no deal in sight, as we look at live pictures of the capitol in washington. president barack obama, house speaker john bane are now thousands of miles away from each other. boehner back home in ohio. the president and his family in his native hawaii. he is planning to return to washington after christmas. >>> it's official. bp oil company will pay up to the tune of $7.8 billion. that's a class action settlement amount. they agreed to pay to about 100,000 businesses and individuals for the biggest oil spill in american history. a federal judge formlized the settlement yesterday. a lot of gulf coast residents opted out of the class action suit and are pursuing lawsuits of their own. >>> a former marine who spent more than four months in a mexican prison is free today, and heading home to florida. jon hammar was locked up in august on weapons charges. his family says he was physically abused in custody, threatened and chained to a bed and never saw a judge. u.s. lawmakers and diplomats got involved on ha
MSNBC
Dec 22, 2012 11:00am PST
stom wallops the midwest and good day to you. i'm richard lui. the stalled fiscal cliff debate and the january deadline now just ten days away. president obama and his family are vacationing in hawaii and congress is on holiday recess after no new breakthrough and both sides are holding out and they'll be able to reach a deal. >> call me a hopeless optimist, but i actually still think we can get it done. >> of course, hope springs eternal and i know we have it in us to come together and to do the right thing. >> nbc's kristin welker is in hawaii and the president is still in talks while he's there or are the the talks on hiatus? >> richard, my sources tell me this is very much a working vacation for president obama and at this time there's no conversation between the president and congressional leaders and that doesn't mean that they're not going to happen. back in washington, d.c., staffers at the white house and on the hill are still there to some extent, communicating with each other and talking with each other, trying to get a deal going. it seemed earlier this week, richar
ABC
Dec 22, 2012 6:00pm EST
fiscal cliff now just nine days away is on the minds of many shoppers tonight. and today, as the president and congress began their christmas vacations we got a rare inside look at the bare knuckle behind the scenes negotiations and abc's david kerley is at the white house tonight. david, good evening to you. >> reporter: it's already vacation mode for everyone in congress and the guy who usually in the house behind me. the first family arrived in the dark, but woke up to paradise for the holidays. however the president may not stay because he didn't get his wish -- a deal with congress. members streamed out of the capitol last night with no agreement to avert the fiscal cliff. house speaker john boehner is home in ohio tonight. >> washington has a serious problem tonight. the president's solution of raising taxes -- >> the republican leader of the senate took a holiday swipe at democrats. >> i'm stuck here at washington. >> reporter: we're learning more tonight about how the negotiations fell apart. the wall street journal quoting unnamed sources when the speaker offered
KRON
Dec 21, 2012 8:00pm PST
the "fiscal cliff". plus. the rush is on at the post office to get those holiday greeting cards to their destinations. on time.now... >> jacqueline: of this look outside we are seeing showers with more rain fall. details on that, coming up. >> pam: now for a look at our top stories at eight- thirty. rain having a major impact on holiday travel. at san francisco international. more than 100-flights have been cancelled. and more are expected as more rain moves in. delays are running as long as three hours. just to check bags at some airlines! >> people in the north bay enjoying a bit of a reprieve tonight. but more wet weather is on the way for them. they woke up to howling wind and pounding rain early this morning. flooding is being reported in some parts of marin county. and many people heading out of town for the holidays on the roads couldn't escape wet conditions. the wet weather didn't make the friday getaway any easier. but things are starting to settle down at this hour. more rain however. is on the way. jacqueline bennett is forecast. >> jacqueline: the rain has not eve
CBS
Dec 22, 2012 6:30pm EST
school just to keep kids safe. >> axelrod: newtown the fiscal cliff and bad weather have all cut into christmas shopping. with two shopping days left michelle miller has been talking to worried retailers. and a church in a neighborhood devastated by super storm sandy holds its first wedding. >> hell and high water came and we're still going to make it happen. >> axelrod: tony guida with the story of an undowntowned bride and groom. captioning sponsored by cbs this is the "cbs evening news." >> axelrod: good evening. i'm jim axelrod. an unbearable six-day stretch of funerals for the victims of the newtown shooting wrapped up today with the last three. mourners at the funeral of josephine gay wore purple. her favorite color. a horse-drawn coach carried the casket of six-year-old ana marquez-greene, remembered as a girl who never walked from room to room. she danced. six-year-old emilie parker was buried in utah, remembered for the markers and paper emilie always had with her because as she would say, "i have so many ideas of things to draw, it's hard to remember them all." newtown'
MSNBC
Dec 21, 2012 7:00pm PST
four days. so it is time for ezra klein to tell us what we'll feel when we do go over the fiscal cliff. coming up. [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >>> the speaker should bring the middle class tax cut passed by the senate five months ago to the floor for a vote. all he has to do is let democrats vote with some republicans. it will pass. the clock is ticking until the nation goes over the fiscal cliff and taxes go up for every family in america. but there is still time for the speaker to hit the brakes and avoid that cliff. >> even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates should not go up f
MSNBC
Dec 21, 2012 10:00pm PST
are getting really close to the fiscal curb, and when congress comes back, they will only have four days. so it is time for ezra klein to tell us what we'll feel when we do go over the fiscal cliff. coming up. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. >>> the speaker should bring the middle class tax cut passed by the senate five months ago to
NBC
Dec 22, 2012 6:30pm EST
>>> thon saturday night hitting home. ten days to washington dragging the country off the fiscal cliff and lawmakers have headed out of dodge. will it be too late when they get back from christmas break? what will it mean for your family? >>> guns in schools after the nra's defiant announcement. >> the only thing that stops a bad guy with a gun is a good guy with a gun. >> the question is, are armed guards the way to keep kids safe? at least one school district is already arming the teachers. >>> holiday rush. the mad dash at the mall just three days to go. plus planes, trains, and automobiles. millions of americans hit the road. where will there be a white christmas? in their honor. signs of the season from coast to coast paying tribute to some genuine american heroes. >>> good evening. those post christmas credit card bills may not be the only shock to the wallet come the new year. with just ten days left to act to avoid a plunge over the fiscal cliff, the president and congress have left washington for the holidays leaving the clock ticking down to an across-the-board tax incr
CNN
Dec 21, 2012 11:00pm PST
the fiscal cliff and no deal in site. tonight president obama urged congress to broker a scaled down deal. >> i just speak to speaker boehner, and i also met with senator reid. in the next few days a asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> yesterday the house speaker john boehner failed to garner enough support from his own party to even hold a vote on his plan to raise taxes for those with an income over $1 million. >> while we may have not been able to get the votes last night, to avert 99.81% of the tax increases, i don't think they weren't taking that out on me. they were dealing with the perception that somebody might accuse them of raising taxes. >> "outfront" tonight, chief white house correspondent jessica yellin and dana bash. ladies, nice to see both of you. jessica, we'll start with you. the president's message was short a
FOX News
Dec 22, 2012 9:00am PST
john's sentiment. no yield anywhere else. what they will do is put a band aid on the fiscal cliff . >> and that's it for the cost of freedom. merry christmas . i will see you on fox business week days. noon eastern . home for the holidays. an american marine held in mexico notorous prison is finally freed just in time to make it home for christmas. january 1st gets closer and no deal to stop us from going over the fiscal cliff. a live report coming your way . the benghazi report. independent panel said the state department failed to connect the dots in security in benghazi. the state department concedes that mistakes are made . the lawmakers want to hear from the secretary of state. we'll talk to thitate department and congress. i am uma with news headquarters live from the nation's capitol starts right now. >> are we all going over the fisical cliff? there is still no deal. steve joins us from washington with the latest on thes. >> hi, uma, the fiscal cliff may be looming. but both sides are pulting the dial on hold. no deal for the tooks . at times it appeared congress was made
CBS
Dec 21, 2012 6:00pm PST
a deal on the looming "fiscal cliff" so that means there are now just 10 days remaining until the automatic tax hikes and spending cuts kick in january 1. disagreements over how much to raise the taxes and cut spending continued to separate democrats and republicans. president obama called on house speaker john boehner to come back to the negotiating table and avoid the "fiscal cliff." >> as of today, i am still ready and willing to get a comprehensive package done. >> the remarks came after speaker boehner failed to gather enough of his party's support to bring his so-called plan b to the floor for a vote. his proposal would have effectively raised taxes only on those americans making more than a million dollars a year. house and senate members will be back at the capital on december 27th looking for that solution. >>> wall street worried about the "fiscal cliff" talks, stocks closed sharply lower today. the dow dropped more than 120 points. the nasdaq fell 29 points. the s&p dropped, as well. >>> california cannot stop people from using the so-called conversion therapy to tr
ABC
Dec 22, 2012 4:00am PST
, now, to the fiscal cliff getting closer. just ten days until everybody's taxes go up and spending cuts kick in. and washington's a ghost town with no deal in sight. talks halted until after christmas, leaving just a few days to bang out some kind of plan before the deadline. abc's david kerley has the latest from the white house. david, before leaving us on the holidays with his family, the president urged lawmakers to find some common ground for these coming days. but it doesn't seem to be happening right now. >> reporter: the president in that same message, gave up on the big deal for right now. he wants a stop-gap measure to keep taxes from going up. and a framework for a deal next year. and the president's not in this house, either. this morning, the president arrived in his home state of hawaii for the holidays. before leaving, he told members of congress to cool down. have some eggnog and christmas cookies and come back and make a deal. >> nobody can get 100% of what they want. and this is not simply a contest between parties, in terms of who looks good and who doesn't. there are
FOX Business
Dec 21, 2012 9:00pm EST
on renewed fiscal cliff years. my next guest says she is bullish on the last five trading days of the year. joining me now, equity management telerate krmer, the offer of the little book of big profits from small stocks. an interesting read. welcome. >> thank you. gei: all right. we had a little sell-off today. people are nervous aboutthe fiscal cliff. you say we will trade at. >> i've seen the nancial stocks, which are a very important indicator of the rket. they have been very strong, and living today. weave seen some nice follow-through from companies like goldman that finally have been ablto get above key technical leels. also there is no recall when addressing. the window dressing is the group , loss on wall street among the money managers say let's get th market really strong for the end of the year. we want to see nice numbers, and gerri: you guys do nothing and fundamentals anymore. it's amazing to me. >> you're right, and that is part of the problem with the street, but tose two are bottom-up fundamental analysts, we really like the guidance that we saw that came out of it. many o
FOX Business
Dec 22, 2012 5:00am EST
with us. gerri: hello, everybody. i am gerri willis. ten days until we got the fiscal cliff. president obama speakingmoments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the pone to speaker john boehner this afternoon. he also had mjority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays,
CNBC
Dec 21, 2012 11:00pm EST
late. here's the bottom line. it's counterintuitive on a day when everyone is fretting fiscal cliff negotiations have fallen apart but if we bridge the cliff without too much damage to the economy, we could have a good bull market in 2013. given all of the things that can go right here, remember this stock is only for you, those of you who believe that washington can only get its act together before it's too late if it's a loser. blackstone is a loser. if you're a pessimist about the talks and less about the country in general. "mad money" is back after this break. let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea a
CBS
Dec 22, 2012 6:30pm EST
'll close a deal to end the fiscal cliff crisis. taxes for 90% of us will go up in days unless an agreement is reached. president barack obama is now in hawaii for christmas with his family. yesterday, he urged the congress to adopt a stopgap measure to keep benefits flowing to unemployed workers that prevent taxes from rising on income under $250,000 a year. house speaker john boehner, he's home in cincinnati tonight. he failed the get mobs of his -- to get members of his own party to support the plan b. proposal for ending the crisis. today boehner was blaming democrats for the stale mail by refusing to include -- stalemate by refusing to include entitlements in the proposal. >> what the president is offering so far won't do anything to solve the problem. instead he wants more spending and more tax hikes that will hurt the economy. and he refuses to challenge the members of his party to deal honestly with the entitlement reform and the big issues that are facing our nation. that's why we find ourselves here today. >> president said on friday that since the deal has not been reached he wou
CNN
Dec 21, 2012 4:00pm PST
. as we quickly approach the fiscal cliff, president obama issues a new proposal to congress. plus, one week after the deadly school shooting in newtown, connecticut, communities across the nation and around the world pay tribute to the victims. and the national rifle association speaks out for the first time since the attack. it proposes a controversial plan to prevent similar mass shootings. let's go "outfront." good evening. i'm soledad eye brine in for erin burnett. "outfront," lowering expectations ten days before we fall off the fiscal cliff, and there is still no deal in sight. tonight, president obama urged congress to broker a scaled-down deal. >> i just spoke to speaker boehner and i also met with senator reid. in the next few days i've asked leaders of congress to work toward a package that prevents a tax hike on middle-class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> yesterday the house speaker john boehner faile
KOFY
Dec 21, 2012 9:00pm PST
to the fiscal cliff. stay with us. 7 news as i say is. >> raining all over the bay area as you know. here's one of the problems it caused. large tree crashing down on a carport in marin county. nobody was injured. >> trucker driving on highway 162 in mendocino county escaped giraffe huge chunk of the roadway gave way underneath his big rig. portion of the highway near cave is closed and traffic now rerouted. >> holiday tragedy in the sierra tonight. 71-year-old man died after hitting a tree on the west face of what is called k 22. he was wearing a helmet but it was not enough to save his life. >> good evening. right to sandhya with very latest on the weather. >> we are going to switch over from light rain to thunderstorms we check out live doppler 7 ht and is what develop off the coast that is most important part right now as we show you here. ill take you in and give you at bit of a closer look at the lightning strike. you see them off the coast here. not far away and they will be moving towards the bay area so this strike here is about 103 males away. i'm watching it for you. th
MSNBC
Dec 22, 2012 4:00am PST
and house speaker boehner left washington without reaching a deal on the fiscal cliff. before heading to hawaii, president obama said he met individually with leaders of the house and senate, asking them to work toward a package that prevents a tax hike on middle class americans. >> this is something within our capacity to solve. it doesn't take that much work. we just have to do the right thing. so call me a hopeless optimist, but i still think we can get it done. >> earlier in the day, speaker boehner held a news conference. a vote on his so-called plan "b" was scrapped thursday night when it became clear it did not have enough support among house republicans to secure passage. >> a situation where because of the political divide in the country, because of the divide here in washington, trying to bridge these differences has been difficult. if it were easy, i'll guarantee you this would have been done decades before. >> joining me now, congressional reporter for "the washington post," ed o'keefe. good to see you. >> good to see you too. any kind of realistic timetable that this will
KRON
Dec 21, 2012 5:00pm PST
-year tax hikes associated with the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>reporter: the remarks came after house speaker john boehner failed to muster enough of his party's support to bring his "plan b" to the floor. his proposal would have effectively raised taxes only on those americans making more than one million dollars a year. >> we had a number of our members who just really didn't want to be perceived as having raised taxes. >>reporter: the two sides each left the capitol for the christmas holidays, blaming the other for inaction. democrats said thursday's failure in the house pointed to a need for more compromise by the g-o- p. >> house republicans have gotten the message loud and clear that a comprehensive solution to the looming fiscal cliff will need to be a bipartisan solution. >>reporter: senate republican leader mitch mcconnell said the n
PBS
Dec 21, 2012 6:00pm PST
tonight. president obama tells republicans and democrats they have ten days to work out a fiscal cliff deal. and he says it's doable. tonight's market monitor guest is not scared off by cliff worries. he's buying stocks, saying the markets will do well in the new year. he's richard steinberg of steinberg global asset management. and warren buffett, the oracle of omaha has plenty to say on taxes and the fiscal cliff: we talk with his long-time friend and "fortune" magazine journalist carol loomis. that and more tonight on "n.b.r." some straight talk from president obama tonight about
MSNBC
Dec 22, 2012 9:00am PST
. quite the opposite. >> david, are republicans actually hoping to go over the fiscal cliff because then any vote on taxes technically would be to cut them and could go forward without saying we cut taxes? >> that's a good point. inning way to look at it. it would probably give some cover to those republicans that seems clear however big a group that is that will not vote to raise tax necessary any way. you heard yesterday's speaker boehner blamed the -- downfall of his own plan b on the idea that, you know, many thought without it raise tax owes those making over $1 million. i think what the problem of going over the cliff, republicans and doing a tax cut, would give up some of the leverage probably enforcing president obama to come to the table with more spending cuts. if they go over the cliff they believe more americans will blame republicans. some polls show that americans are fed up and would blame both parties. i think that'sing? they would have to keep in mind. >> let's take a listen to what speaker boehner said friday. here it is. >> many of us believe on both sides of the
CNN
Dec 22, 2012 3:00am PST
for the week. >>> now, there are just ten days left to salvage a deal on the fiscal cliff where you, i, and everyone else will be paying much higher taxes. president obama is challenging congress to get it done. >> in ten days we face a deadline. in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. >> let's check in now with cnn's emily schmitt in washington. the president made this surprise late appearance yesterday. he urged republicans to approve, i guess what you might consider a stripped down deal. this all happened around dinner time. so a lot of folks might not have seen it. give us the details. what is he proposing? >> well, i have to tell you, a few minutes ago, president obama landed in hawaii, 72 degrees there was the temperature on the ground. certainly warmer than it is in washing
KRON
Dec 22, 2012 7:00am PST
the government from car ring off the fiscal cliff. the plan includes extending tax cut for most americans and taken steps to avoid a papal set of agency budget cuts. >> the president suggested that any chance for a smaller deal may rest in the senate. particulary after the collapse of a plan by house speaker john boehner to allow tax rates to rise for wealthy americans. >> coming up on kron 4 news weekend. an appeals court makes a ruling on a state law which bans their peak aimed at turning gay minors straight. we will have more details. here is a live look outside at mt. tam. we will be right back. >> it is back at 8:09 a.m.. we are keeping an eye on the weather this morning. 50 at ski run over to the sierra. it is expected to be cloudy today with scattered snow showers and very high wind gusts. high temperatures are only going to be in the '20s. they are expecting plenty of snow. anywhere from 1 to 5 ft.. chains are also required on most of the highway is going up. >> parts of the midwest are still dealing with a blizzard conditions this weekend. if this is video out of westwood, ohio o
CNN
Dec 22, 2012 7:00am PST
. there are ten days left now for congress and the white house to make a deal and avoid the so-called fiscal cliff. neither the president nor lawmakers are in washington. first family is in hawaii, and congress members have gone home for the christmas holiday. before he left, president obama urged congress to approve a scaled down proposal he says would prevent middle-class tax hikes and extend unemployment benefits. we may not see any movement until thursday when both sides may be back in washington. >>> a former u.s. marine who was imprisoned in mexico for four months has been reunited with his family. john hammer was released yesterday partly thanks to work from u.s. senator big nelson. hammer was imprisoned on a questionable charge after police found him with an antique shotgun. he said u.s. officials is told him it was okay to cross the border with the gun seen here. mexican officials accused him of violating their law. >>> california's controversial gay therapy ban has been halted. there's an injunction blocking the ban. some say conversion or so-called reparative therapy can turn a gay pers
KRON
Dec 21, 2012 11:00pm PST
up with a solution. to avoid the fiscal cliff. that is the end- of- the year trigger on tax hikes. and spending cuts. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>pam: house speaker john boehner failed to gain enough of his party's support for his "plan b". that proposal would have raised taxes only on those americans making more than one million dollars a year. without a deal, steep tax hikes and massive government spending cuts are set to kick in after january first. as the fiscal cliff countdown continues. house and senate members and president obama. have all recessed for the christmas holiday. >> the ninth circut court of appeals today blocked a california law which bans the controversial therapy. that aims to turn gay minors. straight. the three judge panel issued an emergency order, to put the law on hold until the court can hear further arguments. the law. wh
CNN
Dec 22, 2012 11:00am PST
but we're just ten days to the fiscal cliff. could these two men end up being the grinches that steal christmas? we'll talk live to republican congressmen about what's stopping the president and the house speaker from reaching a deal. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> we're just ten days away from the country going over the so-called fiscal cliff, automatic tax increases on nearly every american and huge spending cuts to defense and social programs are set to take effect the 1st of january unless the president and congress reach a new budget deal. but most lawmakers have deserted the capital to be home for christmas leaving america teetering on the brink. one of those enjoying christmas back if california is republican congressman tom mcclintock joining us from sacramento, california. you are a tea partier. you're part of the tea party caucus but you supported house
CNN
Dec 22, 2012 4:30am PST
days left for congress and the white house to make a deal and avoid the so-called fiscal cliff. the first family arriving in hawaii for the christmas holiday there, you see president getting off the plane, but before he left, president obama urged republicans and democrats alike to get it done. >> in the next few days, i've asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> congress is also in recess until after christmas. in his weekly address, house speaker john boehner accused the president and senate democrats of failing to offer a responsible solution. boehner's own proposal had to be pulled this week after he failed to get enough support from fellow republicans. >>> and the national rifle association promised meaningful contributions to avoid another tragedy like the one in newtown, connecticut. friday, the gun rights group unv
FOX News
Dec 22, 2012 3:00pm PST
-called fiscal cliff we have been talking about, after failing to get enough support for his plan, john boehner now says it is up to democrats to come up with a solution. with the deadline just days away now and the president and congress home for the holidays, do lawmakers have enough time to reach a comp nize? how would it work? national correspondent steve centanni may be the only person left in washington. steve. >> reporter: it feels like it, the president is in hawaii and congress is out of town and the fiscal cliff negotiations are on hold for the holidays with no agreement in sight. john boehner is throwing the ball in the democrats' court saying the debt is too high, spending out of control and taxes should not go up. in the g.o.p.'s weekly address, he accused the president and the democrats of refusing to accept a reasonable compromise. >> the best way to address our crippling debt is to make significant spending cuts and fix our tax code. to pave the way for long term growth and opportunity. this is an approach most americans support and remains republicans' highest priority. but we
FOX Business
Dec 21, 2012 8:00pm EST
that, we can't talk about the long-term consequences of this stuff. it is well, fiscal cliff and we're worried about what happens in 30-days. wow, what a plan, for a huge country such as the united states. and i'm discouraged republicans have not really focused on the long-term economic issue that government spending destroys wealth and well-being. the cases made and the united states government spending has been rising as percentage of gross national product radically over last 12 to 15 years. we're closing in on europe with blinding speed. and consequences are reduced growth and reduced well-being. that is what the conversation ought to be about. neil: to that santa analogy, one thing very clear to me, we live in a society where entitlements are just expected, the gifts are just expected, the free bys are just expected. web sites logged on to see how many benefits you're eligible for, that are expected. i'm not saying there are not genuinely needy deserving folks in this country. we're more about what we get than what we can control. you know?t control. >> you know, neil, the othe
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